MNI BRIEF: BOJ Can Afford Caution - Dep Gov Himino
MNI (TOKYO) - Bank of Japan Deputy Governor Ryozo Himino said on Thursday the BOJ has sufficient time to examine evolving economic and price conditions, despite the bank's vow to adjust the degree of easy policy.
“The timing of policy adjustments depends on economic, price and financial market conditions,” Himino added at the event sponsored by Bloomberg News.
BOJ policymakers will decide on monetary policy meeting by meeting, while carefully monitoring the evolving economy, prices and financial markets at home and abroad, he continued, adding the Bank does not set monetary policy courses in advance.
Himino also noted that real interest rates were at very low levels and the BOJ will adjust the degree of easy policy, while carefully monitoring the outlook for economic activity, prices and financial markets as well as the risk balance.